On August 11, TE Connectivity rose 3.06% in regular trading, trading at $220.585/share, with turnover of $27.41 million.
The move was supported by the company's fiscal Q3 results reported on July 22, which significantly exceeded expectations. Net sales reached $5.16 billion versus the consensus estimate of $5.003 billion, representing 14% year-over-year growth. Adjusted EPS came in at $2.94, beating the $2.84 estimate by 3.52% and marking a 22% increase year-over-year. The company also issued upbeat Q4 guidance, projecting adjusted EPS of approximately $3.05, above the $2.97 consensus.
Additionally, the Electronic Manufacturing Services sector showed broad strength on the day, with Jabil Circuit up 5.22% and Flex Ltd up 3.86%, providing sector-level tailwinds for TE Connectivity shares.
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